Bonds & Repos: Intra-day margin call and Forward repos margining

Go-live information

LCH.Clearnet SA is pleased to confirm that the first intra-day margin call on Bonds and Repos will take place on Friday 28 May 2010.

We remind you that from this day onward the new margining methodology described in the following Gap Analysis document will be applied:

Please note the following information for the go-live:

The intra-day margin call threshold value will be set to zero. This means that any increase of margin requirements compared to the morning margin call will trigger an intra-day margin call.
The current fixed margin amount called for your Same Day Repos activity will be released during the initial margin call of Monday 31 May 2010.
For operational matters, our Treasury department can be contacted

o By email: [email protected]
o By phone: +33 1 70 37 65 35

Please feel free to contact us should you need additional information.

For further information, please contact:

your LCH.Clearnet Product Implementation Team:
Jean-François Sougakoff : +33 (0) 1 70 37 65 36 – [email protected]

Or your account manager
Michel Bokobza: +33 (0) 1 70 37 65 55 – [email protected]